Market Currents
When life deals you lemons ... banks (particularly European ones) cutting back lending activity...
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Thursday, June 7, 2012, 2:36 PM ETWhen life deals you lemons ... banks (particularly European ones) cutting back lending activity in Asia is leading to a ramp in the development of the corporate bond market there. Companies (ex-Japan) issued $398B in bonds last year, up 29% Y/Y as syndicated bank loans dove 44%.
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